Look, the rsETH thing is going to take a year to resolve in the courts. (Does anyone even know what jurisdiction will handle Kelp claims?)

Markets need to let stablecoin rates float so the lending markets can clear.
And if you’re opposed to the roughhousing that entails, then subsidize one side out of pocket and at least let the other side float.
But you can’t wait on liquidations to clear this logjam when the range of recovery is from single-digit to catastrophic loss.